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The October 2012 Pre-Election Jobs Report Was Faked

Tyler Durden's picture




 

On Friday October 5, 2012, the BLS released what was arguably the most important report of Obama's first term: the final jobs number, and unemployment rate before the November 2012 presidential election. As so many predicted, it "plunged" from 8.1% to 7.8% allowing the president to conduct countless teleprompted speeches praising the success of his economic recovery. It also served as the basis for the infamous Jack Welch tweet: "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers" and prompted the pro-Obama media to quickly brand all those who questioned it as conspiracy theorists. The Atlantic did perhaps the most exemplary job in its task to discredit the "random anonymous cranks" who challenged the bullshit spewed by the administration's manipulative economic data reporting apparatus. From The Atlantic's Unemployment Plummets To 7.8%.

The unemployment rate plunged to 7.8 percent in September, its lowest level since Barack Obama took office in 2009. In addition, the Bureau of Labor Statistics made big revisions to data from previous months, showing huge increases in the number of jobs being created over the last three months. Total employment from the "household survey" also showed an increase of 873,000 jobs last month, the biggest one-month jump since June of 1983.

 

Not only has the unemployment rate gone down, but the report also undercut one of the key criticisms of previous drops in the number—that it was because the "participation rate" went down. That rate has actually gone back up, which means unemployment is down because people are actually getting work, not because they've stopped looking. Public sector jobs also went up, as did the average number of hours worked per week.

 

This report looks so good for President Obama that conspiracy theorists are already alleging that the fix is in. And not just random anonymous cranks, but supposedly serious business people, like former General Electric CEO Jack Welch.

 

 

He wasn't alone:

 

 

Rick Santelli of CNBC, noting that the rate has dropped below the magical number of 8 percent, said,  "You can let America decide how they got there." When one side is convinced that something smells rotten, you know it's good news for the other guy.

 

As we noted his comment at the time...

 

"the current trend of these [jobs] numbers is so different from the current trend of any other numbers. If you were looking for conspiracies (and I'm not), you only need to change a certain number."

 

 

Of course, who cares if the "conspiracy theories" were substantiated by actual data. Such as the following from the same day:

An Odd Arima-X-12 Statistical Aberration?

 

Here's a peculiar statistical aberration:

  • Household Survey people employed: +873,000 (source)
  • Part-time jobs for economic reasons: +582,000 (source)

-> 582,000 divided by 873,000 = 0.666666666666*

 

Aka: precisely two thirds. Whatever are the odds... Goalseeking much Arima-X-12?

Or this also from the same day:

Reason For Today's Unemployment Rate Plunge: Part-Time Jobs For Economic Reasons Surge Most Since QE1 Announcement

 

We already noted the absolutely stunning surge in reported Household Survey jobs which "added" 873,000 jobs, or the most since 2003 and the second most in the past decade, which was just a little bit off the Household Survey used in the monthly NFP jobs changes, which came at 114,000, or about 8 times less. But what was the reason for this epic jump in Household survey jobs? Simple, and those who have read our series on America's transition to a part-time worker society know the answer. The reason is that the number of part-time people employed for economic reasons soared by 582,000 to 8,613,000, the most since October 2011, and the largest one month jump since February 2009, when "restoring" confidence in the economy was all the rage... and just before the Fed announced the full blown QE1 in March of 2009. Odd symmetry.

 

 

So putting it all together, what does this mean for the true state of the US economy? Recall back in September one of our Charts of the Day was the number of Unemployed and Underemployed for the month of August, which was 25.8 million. Readers may be surprised to learn that when putting it all together, in September this number increased to 26.2 million.

 

Or this also from the same day:

The Strangest Number In Today's Jobs Number

 

While we already presented the explanation for the dramatic drop in today's unemployment report (almost entirely driven by the surge in part-time jobs for economic reasons, hardly a thing to be proud of as more and more full time jobs, especially those on Wall Street, are a thing of the past, while the transition to a part-time worker society has been documented extensively in the past here), there is another number that is by far the most perplexing in today's NFP dataset: that showing the employment of workers in the 20-24 year age category (both seasonally adjusted and unadjusted). See if you can spot the outlier in the chart below.

 

 

And many more other such reports posted on this site on the same day, alleging fabrication which as it turns out courtesy of the just released stunning disclosure by the Post, were absolutely spot on since the number was, you guessed it, manipulated.

The Post's John Crudele reveals the details on a data manipulation scandal, which we exposed back in October 2012, but this time with the actual "dirty details" that has the potential to be so big, Obama will need to start another YouTube-fabricated, false flag war just to distract from this latest scandal.

From The Post's "Census ‘faked’ 2012 election jobs report"

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.

 

The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

 

And the Census Bureau, which does the unemployment survey, knew it.

 

Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

 

And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

 

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

 

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

 

Ironically, it was Labor’s demanding standards that left the door open to manipulation.

 

Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

 

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

 

Philadelphia filled the gap with fake interviews.

 

“It was a phone conversation — I forget the exact words — but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.

 

Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.

 

Interviews with some 60,000 household go into each month’s jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US.

 

Buckmon, it turns out, was a very ambitious employee. He conducted three times as many household interviews as his peers, my source said.

 

By making up survey results — and, essentially, creating people out of thin air and giving them jobs — Buckmon’s actions could have lowered the jobless rate.

 

Buckmon said he filled out surveys for people he couldn’t reach by phone or who didn’t answer their doors.

 

But, Buckmon says, he was never told how to answer the questions about whether these nonexistent people were employed or not, looking for work, or have given up.

 

But people who know how the survey works say that simply by creating people and filling out surveys in their name would boost the number of folks reported as employed.

 

Census never publicly disclosed the falsification. Nor did it inform Labor that its data was tainted.

 

“Yes, absolutely they should have told us,” said a Labor spokesman. “It would be normal procedure to notify us if there is a problem with data collection.”

 

* * *

 

During the 2010 Census report — an enormous and costly survey of the entire country that goes on for a full year — I suspected (and wrote in a number of columns) that Census was inexplicably hiring and firing temporary workers.

 

I suspected that this turnover of employees was being done purposely to boost the number of new jobs being report each month. (The Labor Department does not use the Census Bureau for its other monthly survey of new jobs — commonly referred to as the Establishment Survey.)

 

Last week I offered to give all the information I have, including names, dates and charges to Labor’s inspector general.

 

I’m waiting to hear back from Labor.

 

I hope the next stop will be Congress, since manipulation of data like this not only gives voters the wrong impression of the economy but also leads lawmakers, the Federal Reserve and companies to make uninformed decisions.

Don't hold your breath: the reason is that this particular instance manipulation is merely the tip of the iceberg - since virtually all data out of the BLS is manipulated and fabricated, as we report each and every month, the last thing the legislative and certainly the executive want is to offer the general public a glimpse of just how deep the rabbit hole goes. Because it goes very, very deep.

One can only hope this forces at least some more people to wake up about the sad farce this once great nation has devolved to in its quest to destroy the middle class.

The only real good news, as noted above, is that yet another conspiracy theory is forever cast into the void, and going forward the only thing the random, but manipulated, number generator out of the Bureau Of Lies And Subterfuge will be good for, is to prod the just as pathetic HFT algos into a buying frenzy when month after month the economy is painted with rosy brushes, even as millions forever drop out of the labor force, never to return.

 

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Mon, 11/18/2013 - 23:34 | 4168299 max2205
max2205's picture

Barry needs to go to a FEMA Camp....now

Mon, 11/18/2013 - 23:36 | 4168305 Alpo for Granny
Alpo for Granny's picture

I AM SHOCKED! SHOCKED I TELL YOU!!!

Mon, 11/18/2013 - 23:42 | 4168330 HoofHearted
HoofHearted's picture

I picked the wrong week to stop sniffing glue!

It's gonna get worse before it gets better. Of that we can be sure.

Mon, 11/18/2013 - 23:49 | 4168358 dryam
dryam's picture

If you like your job numbers, you can keep.......oh never mind.

Tue, 11/19/2013 - 00:06 | 4168394 NoDebt
NoDebt's picture

"Philadelphia filled the gap with fake interviews"

Philadelphia, huh?  Same place that entire voting precincts went 100% (OR MORE!) for Obama in 2012?  Same place they threw out all non-Democratic polling observers ON ELECTION DAY before the GOP got them back in (hours later) by emergency injunction?  Same place I have been talking about here for YEARS as the "New Chicago" when it comes to corruption?

Color me fucking shocked.

If this lying-ass motherfucking cocksucking son of a bitch Manchurian Candidate president makes it to the end of his 2nd term and exits in the normal fashion, we all deserve the 2x4 that's currently being shoved up our asses.  

"If you like your son of a bitch president, you can keep your son of a bitch president."

And yeah, you can quote me on that.

Tue, 11/19/2013 - 00:20 | 4168465 YBNguy
YBNguy's picture

UH OH Mr. investigative journo-man is willing to release his information to Congress, and to what end? More kabuki congressional hearings? Yeah, because those were sooooo effective in rooting out corruption from Benghazi, IRS targetting, NSA targetting, Fast n furious, ad naseum... 

Tue, 11/19/2013 - 00:39 | 4168499 James_Cole
James_Cole's picture

Better get 60 mins on this. 

Tue, 11/19/2013 - 00:44 | 4168513 JohnnyBriefcase
JohnnyBriefcase's picture

Gimmee a sec...

 

*puts on shocked face*

 

I am SHOCKED!!

Tue, 11/19/2013 - 00:48 | 4168520 LetThemEatRand
LetThemEatRand's picture

Did anyone else notice that Jack Welch owns the Obama pro-media?  Jesus, people. Please, ZH, don't succumb to WWF antics.

Tue, 11/19/2013 - 00:51 | 4168529 HulkHogan
HulkHogan's picture

World Wildlife Federation?

Tue, 11/19/2013 - 00:56 | 4168534 LetThemEatRand
LetThemEatRand's picture

Welch, owner of the "liberal media."  "Jamie Dimon is a great CEO"  http://www.nbcnews.com/video/cnbc/53346236#53346236

It is all a lie.  All of it.

Tue, 11/19/2013 - 00:59 | 4168547 James_Cole
James_Cole's picture

I don't get it, are you saying Tyler was claiming Welch is a liberal?

Tue, 11/19/2013 - 01:12 | 4168560 LetThemEatRand
LetThemEatRand's picture

It's much more complicated than that.  Welch goes on his own TV shows to debate whether the job numbers are real while his paid employees tell him and the public they are.  Think about that for a second.  Divide.  Conquer.  ZH is putting him out there as a voice of reason.   Our entire political system is based on this.  False debate.  Control the message.  Fake in-fighting among the Teams.  Is Hulk or the Destroyer going to win this round?

Tue, 11/19/2013 - 01:15 | 4168573 James_Cole
James_Cole's picture

To be fair Tyler is quoting this story from....the nypost lol

zh QC slipping tonight

Tue, 11/19/2013 - 05:16 | 4168791 zhandax
zhandax's picture

The assumption that 'the base' who re-infected our country with this maggot could care about job numbers defies logic.  None of them wants a real job.

Tue, 11/19/2013 - 05:48 | 4168818 negative rates
negative rates's picture

Don't fake it!

Tue, 11/19/2013 - 07:41 | 4168894 slotmouth
slotmouth's picture

Durden for president!

Tue, 11/19/2013 - 09:59 | 4168933 King_of_simpletons
King_of_simpletons's picture

These manipulations happen to government data, every day. It is adjusted to suit the sitting president and to mold the policies of the federal reserve.

What's so shocking in this revelation ? This is not a one-off type manipulation.

Tue, 11/19/2013 - 10:46 | 4169259 JungleCat
JungleCat's picture

When asked by Rand Paul about the faked numbers, Hillary Clinton said this:

 

With all due respect, the fact is we have four braindead Americans: Obozo, Byethen, Paloosi and that oxymoronic Mormon from Nevada. So what difference at this point does it make? Who cares about some faked number from 14 months ago? We need to address the issue at hand: four braindead Americans.

Hillary to the rescue in 2016.

Tue, 11/19/2013 - 11:06 | 4169483 Payable on Death
Payable on Death's picture

Fake, fake, fake.

https://www.youtube.com/watch?v=rLg1k4I9fqk

 

all of life can be reduced to a Seinfeld moment.

Tue, 11/19/2013 - 09:20 | 4168895 GetZeeGold
GetZeeGold's picture

 

 

Pre-Election Jobs Report Was Faked

  

Thanks goodness CNBC was there to warn us!

 

Next time you see Joe Kernen.....make sure you thank him.

 

Maria tried to warn them to come clean....so screw it....she's going to Fox.

Tue, 11/19/2013 - 09:44 | 4169132 remain calm
remain calm's picture

Just another example of how the government is like a whore.

Tue, 11/19/2013 - 11:29 | 4169564 ejmoosa
ejmoosa's picture

Kernen?

 

Rick Santelli predicted it well in advance.

Tue, 11/19/2013 - 08:53 | 4168999 RSloane
RSloane's picture

Yeah we know James, its not really news until its on MSNBC,

Tue, 11/19/2013 - 01:16 | 4168576 AlaricBalth
AlaricBalth's picture

From the year end 2012 ZH Greatest Hits:

"The 13th most popular post reminds us just what the biggest media circus for public consumption of 2012 was: the presidential election, where a key part of assuring the success of the incumbent was the battery of ridiculously strong economic reports, subsequently all revised far lower, in the days and weeks leading to the November election. In "Data Massaging Continues: Initial Claims Tumble To 339K Lowest Since 2008, Far Below Lowest Expectation" the October headlines were there merely to spoon-feed the masses; one look beneath the headlines, however, proved that as in every other banana republic, the US was no better off. However, all is fair in pre-election campaigns and data fudging, and the BLS would certainly not be held accountable."

http://www.zerohedge.com/news/2012-12-30/2012-greatest-hits-presenting-m...

Tue, 11/19/2013 - 04:43 | 4168781 Acet
Acet's picture

Just like the World Wrestling Federation it's completelly fake and for entertainment purposes only.

Tue, 11/19/2013 - 05:07 | 4168793 illyia
illyia's picture

Rand - I agree with the false narrative. But what is really scary is if they are not only infinitely corrupt on every side (obviously) but just blind and stupid. If there is no real "control the message" clearinghouse, just a catch-as-catch-can. Scratch-sniff-censor or promote. More and more I see this side of the dialectic fighting openly against that one and both come out looking like brats. Not even grade-school. Just idiots.

On the fence on this question:

Are the various competing PTB smart enough to actually control the message to such a degree that the word "control" really applies (CNN has done no in-depth investigation into the ramifications of the TPP even though its arguably the most important issue to the world's people). Or, are the interests just grabbing what they can and twisting  and repeating as the opportunity presents (CNN has yet to do a puff-piece on the TPP, either).

The Koch brothers are working against the Chicago team - but the Chicago team also includes the Neo-Cons and the Strauss-a-holics. They are clearly not Obama-team. Maybe that explains all the shooting in Chi-town!

And, where does Israel fit in? Does not one interest group currently in power care about their pet?

It appears not.

Tue, 11/19/2013 - 07:34 | 4168886 g speed
g speed's picture

Hunter--author of the "Sniper" series novels has an interesting therory---He calls it the "narrative".  He explains it somewhere around the middle of his novel "I Sniper". I remember it because it makes a lot of sense of how the MSM thinks.     

Tue, 11/19/2013 - 08:41 | 4168928 GetZeeGold
GetZeeGold's picture

 

 

 

Sooo basically the damage control strategy seems to be carting out the Koch brothers and Israel.

 

That should totally work.

Tue, 11/19/2013 - 09:52 | 4169162 r101958
r101958's picture

illyia- to address your 'on the fence' question- I wrote this almost exactly 5years ago on another site:

Tue, 11/18/2008 - 22:56
r101958
Re: The art of deception; Hank Paulson speaks

In reality, there are only two ways we can judge the activities of Paulson and Bernanke. One, they are ignorant of the real causes of the problems we face or they are incompetent or both.  Two, they are very aware of what is going on and have been part and parcel to a clandestine plan to create another financial paradigm.

I think most people choose the former alternative because it is much easier to rationalize and will not end up getting you labeled a conspiracy theorist. However, I believe that there are some that choose the latter.

If they (Paulson and Bernanke) are of the former ilk then I can only wonder how they arrived at their lofty positions carrying the heavy baggage of such ignorance.

If they are of the latter group then I believe they would rather be considered part of the former group as it is much less dangerous for them to be thought of as ignorant than it would be for them to be thought of as very intelligent, conniving middle men in a larger scheme.

Taking it a step further, it would be to their benefit to be thought of as blundering, well meaning, disconnected and clueless public servants. After all, who would we be angrier with, a fool or a grifter? Against which, theft or loss, would the public more quickly raise its voice?

Have any of you ever known a really good chess player? How many moves ahead do they plan? This also means they anticipate the moves of their adversary. I personally have never known a good chess player that thought any less than three moves ahead.

How ignorant and stupid are we prepared to think these men are? Are they really just pawns? If we can discern the reasons for our economic predicament then are we really willing to think that these men can not?

I really can not answer. However, I think these are some questions we might need to ponder.

Tue, 11/19/2013 - 12:31 | 4169880 Kayman
Kayman's picture

r101958

The answer to the Paulson/Bernanke question is both answers are correct. In the long run they are ignorant, that is, they ignore the long run, for in the long run we are all dead and time obfuscates. But in the short run, new money/credit from the Fed feeds the power elite years before it trickles down to the average middle class taxpayer, if ever.

Tue, 11/19/2013 - 20:53 | 4172037 illyia
illyia's picture

Hmmmm... so Obama, hired by the superscript PTB because of his useful heritage and arm-twistability is given extra-credit and an Amex black card and told to read the lines - not between them.

He is the useful idiot. Is he just a pawn? Did he look at the bread and decide to go with the "butter up" side and do more than cooperate.

Very tin-foilly... very black hat.

But that's what it looks like.

Ignorant as long as needed - or as long as the pidgeon can hold out.

Tue, 11/19/2013 - 05:19 | 4168803 RSloane
RSloane's picture

You've got the wrong CEO in the wrong time frame.

Tue, 11/19/2013 - 10:59 | 4169400 MilleniumJane
MilleniumJane's picture

I am in full agreement.  While I feel a certain sense of satisfaction that, at last, here's some proof that we are not crazy "conspiracy theorists" concerning the BLS BS numbers, I keep wondering what the hell TPTB are up to behind the curtain.

I read the NY Post article to my husband and said, "Why the hell are they throwing their golden boy out to the wolves?  Something's up."

Tue, 11/19/2013 - 09:31 | 4169096 superflex
superflex's picture

Rand,

Jack Welsh was CEO of GE until 2001.  I doubt that he had control of the media(NBC) in 2012.

You're confusing Jeff Immelt and Jack.  

Nice try, though.

Tue, 11/19/2013 - 12:18 | 4169788 RSloane
RSloane's picture

Yup. I can't tell if Rand actually didn't know that or it was another "look over there" moment. Only he knows.

Tue, 11/19/2013 - 11:26 | 4169550 WillyGroper
WillyGroper's picture

.666

Beat by a penny, Welch's tweet-pot meet kettle.

Theater, all of it.

Tue, 11/19/2013 - 00:53 | 4168536 OneTinSoldier66
OneTinSoldier66's picture

The Corzining/Rehypothicating of Employment figures will continue until morale improves.

Tue, 11/19/2013 - 01:30 | 4168587 Deo vindice
Deo vindice's picture

In a righteous society, election results that were based on false information would be overturned.

But, of course, that would be in a righteous society.

Tue, 11/19/2013 - 07:48 | 4168899 Wahooo
Wahooo's picture

Unfortunately, American government can't be destroyed without hurting innocents. We need a new type of neutron bomb for the corrupt; the voting booth simply isn't working. Voting, quaint idea, very antique.

Tue, 11/19/2013 - 11:38 | 4169601 NvrGivUp
NvrGivUp's picture

Better yet, start a new reality show: "

As the Matrix Crumbles"

Tue, 11/19/2013 - 00:40 | 4168505 dryam
dryam's picture

Obama can simply apologize and all is well. Isn't that the formula?

Tue, 11/19/2013 - 00:48 | 4168523 HulkHogan
HulkHogan's picture

I'm already accepting his fake apology.

Tue, 11/19/2013 - 08:31 | 4168952 spankfish
spankfish's picture

I think he just found out the numbers were faked on the news...

Tue, 11/19/2013 - 02:52 | 4168691 PT
Tue, 11/19/2013 - 08:04 | 4168914 Jlasoon
Jlasoon's picture

Have no fear the Warren Commission is here. 

Tue, 11/19/2013 - 00:20 | 4168466 Xibalba
Xibalba's picture

Fake. Just like the birth certificate 

Tue, 11/19/2013 - 01:33 | 4168593 JohnnyBriefcase
JohnnyBriefcase's picture

That's like saying Yellen's hair is ugly shade of grey.

 

The birth certificate is fake? Everything about our political system is fake!

 

Everything that our entire civilization is built on is fake!!

 

Nevermind, It's way more safe to focus on little shit...

Tue, 11/19/2013 - 06:09 | 4168833 thisandthat
thisandthat's picture

If he declared himself a sovereign, he wouldn't need no stinking certificate, he would just be... How would anyone prove he wasn't a citizen, though (and... of what)?

Tue, 11/19/2013 - 10:22 | 4169294 1223pm
1223pm's picture

Birth Certifake. sounds better.

Tue, 11/19/2013 - 07:56 | 4168904 RSloane
RSloane's picture

I most definately will quote you, NoDebt.

Tue, 11/19/2013 - 09:07 | 4169025 whirling tword ...
whirling tword freedom's picture

As much as it makes me squirm to say, We deserve it.

We have a completely uneducated and uninformed population with maybe 6 corporate owned and politically run news orgs. that are given their talking points.... Even when they do report the news, they don't connect the dots or paint the larger picture.

So, we get what we get.  The average person that watches the news listens to the lies and either believes them or has doubts and then changes the channel and puts on american idol or dancing with the stars and washes it down with a 6 pack and goes to bed.

The administration changes laws by fiat, ignores others... when caught, it does it again and waits for the courts to act.   We have multiple constitutional crisis situations and yet every night dancing with the stars comes on along with JWOW........

Tue, 11/19/2013 - 00:09 | 4168436 bunzbunzbunz
bunzbunzbunz's picture

Not alot, but still FREE BITCOINS: http://freebitco.in/?r=25727

Tue, 11/19/2013 - 06:23 | 4168840 thisandthat
thisandthat's picture

ALOT OF BITCOINS FOR FREE, HERE.

Tue, 11/19/2013 - 00:22 | 4168471 bonin006
bonin006's picture

If you don't like your jobs numbers you can change them.

Tue, 11/19/2013 - 06:01 | 4168829 Offthebeach
Offthebeach's picture

You didn't build that jobs report.

Tue, 11/19/2013 - 00:27 | 4168479 Anusocracy
Anusocracy's picture

Those job numbers are probably accurate.

Within two miles of me are dozens of urban outdoorsmen working at picking up returnables, panhandling on street corners, and occasionally recycling catalytic converters.

All of them go uncounted.

Tue, 11/19/2013 - 07:32 | 4168885 DirkDiggler11
DirkDiggler11's picture

I love it, "Outdoorsman".
How about "rugged outdoorsman urban recyclers" ?

Tue, 11/19/2013 - 08:11 | 4168923 Jlasoon
Jlasoon's picture

Even better, "Professional Dumpster Food Inspector".

 

Full-time emplyment right outside my apartment complex.  

Tue, 11/19/2013 - 09:45 | 4169134 overmedicatedun...
overmedicatedundersexed's picture

seems, judge rakoff and the FBI,( forget doj holder's got them under thumb.) the good judge used the tbtf excuse, more damage then good if we went after the big banks, sure judge keep telling yourself that ..but the FBI just sits back and watches the corruption and crimes and I wonder what is the excuse for them? maybe they never did take an oath? or maybe they are loyal to the paycheck.

Tue, 11/19/2013 - 09:16 | 4169055 esum
esum's picture

if you like your teeth

you can keep your teeth

Mon, 11/18/2013 - 23:51 | 4168367 So What
So What's picture

All you whities, Goyim, who voted for that obozzo should be the happiest shit heads on the planet right now.

666 on chicago lottery the day after obozo got elected.
666 on manipulated bls numbers.

Fukushima will blow, you bitches. it's bad omen but you won't admit it. Take refuge for you and your family from the coming radiation. Of course if you're black, your skin will protect you.

Mon, 11/18/2013 - 23:58 | 4168391 bunzbunzbunz
bunzbunzbunz's picture

Superstition makes you smart.

Tue, 11/19/2013 - 00:26 | 4168478 So What
So What's picture

no but it's fun as hell.

How is this for smart? There are unexplainable phenomena, which logic failed to explain, for example, quantum entanglement for which time doesn't exist and information travel instantaneously. Experiments also showed that human beings are capable of predicting events a few seconds into the future that's statistically significant. P>.05 of randomness. Maybe, just maybe, future human beings dying from future Fukushima event are in quantum entanglement in present human beings and are sending us messages, but which we're too damn stupid to figure out. Anyhow, too many randomness indicated nonrandomness. Bet your ass Fukushima will blow. No chance of removing those damn rods, and that ain't no superstition.

Tue, 11/19/2013 - 01:34 | 4168597 Deo vindice
Deo vindice's picture

I gave up on your logic when you claimed hell is fun.

Tue, 11/19/2013 - 01:45 | 4168621 SilverIsKing
SilverIsKing's picture

Can he tell us the price of a Bitcoin one year from now?

Tue, 11/19/2013 - 08:48 | 4168989 sunnyside
sunnyside's picture

Trick question.  There will be no Bitcoin one year from now. Just ask Eric Holder or Yellin.

Tue, 11/19/2013 - 03:15 | 4168720 yofish
yofish's picture

So What - good name, keep it.

Tue, 11/19/2013 - 04:33 | 4168772 Tom_333
Tom_333's picture

p<0.05 if it´s statistically significant by accepted convention. Less not more.

Tue, 11/19/2013 - 07:50 | 4168900 Wahooo
Wahooo's picture

"quantum entanglement". That pretty much describes this clusterfuck world.

Mon, 11/18/2013 - 23:52 | 4168369 Stackers
Stackers's picture

The whole idea that 60,000 house holds is a big enough statistical sample to be able to know what 300,000,000 people are doing is absurd.

Mon, 11/18/2013 - 23:58 | 4168389 seek
seek's picture

If it's a correctly selected sample set with reasonable confidence bounds, it's not absurd.

When the sample set is one guy not-so-randomly writing down "employed," the statistics will be complete shit.

Tue, 11/19/2013 - 00:27 | 4168461 TruthInSunshine
TruthInSunshine's picture

Stackers, just so you know - and do your due diligence if you don't trust me-

A properly conducted scientific statistical sample of as FEW as 2,200 likely voters (so, that would approximately equal 100,000,000 votes cast) can consistently & successfully predict the result within a margin of error of + or minus 2% to 3%.

In fact, this is the approximate sample pool size that all major polling entities (AP, Rasmussen, Real Clear Politics, ABC/CNN/Fox/Gallup, etc.) utilize when projecting the overall, national results commute POTUS election.

Anyone who has had a basic statistics course in college will understand this.

p.s. - It would not be the least bit shocking to me if the actual U3 rate in the U.S. was 18% to 20% and if the actual U6 rate in the U.S. was 25%+.

We're basically in 4 years of real economic contraction, propped up by record government debt creation, record consumer debt levels (household debt surpassed 3 trillion USD for first time in history last month), credit cards, SNAP/EBT, Social Security, Medicare, UE, extended UE, SSI, etc.

We're actually in a depression, that's masked by the aforementioned programs & things that didn't exist in 1933.

Tue, 11/19/2013 - 00:29 | 4168480 IndyPat
IndyPat's picture

Anyone who has had a basic statistics course in college will understand this....and also should have learned that there are statistically about a billion ways to make statistics lie like crazy.
My personal fav is the not-so-random sample pool

Edit
.."We're actually in a depression"
Thank you! Damn. Someone finally said it.

Tue, 11/19/2013 - 01:22 | 4168549 TruthInSunshine
TruthInSunshine's picture

A properly designed scientific sample methodology with properly constructed survey questions is designed to reduce noisy data & prevent manipulation of the results - hence the repeatable, consistent, reliable results, within the pre-set margin of error acknowledged by the construct.

p.s.- I almost forgot; FUCK YOU, BARRY RITHOLTZ

Tue, 11/19/2013 - 01:15 | 4168564 OneTinSoldier66
OneTinSoldier66's picture

So why would illustrious leaders say we're in a recovery? Certainly those beyond reproach people wouldn't lie. If they lie about stuff how could they ever get elected to office?

 

Errr, do I need to start taking lessons in lying?(hopefully covered under H.A.M.P or H.A.R.P.) Have I been lied to all this time about that honesty and integrity stuff?

 

What if I like my honesty? Can I keep it?

 

I'm so confused.

Tue, 11/19/2013 - 03:10 | 4168710 TruthInSunshine
TruthInSunshine's picture

"So why would illustrious leaders say we're in a recovery? Certainly those beyond reproach people wouldn't lie. If they lie about stuff how could they ever get elected to office?"

Just my hypothesis:

http://directorblue.blogspot.com/2012/12/it-explains-alot-confidence-fai...

Tue, 11/19/2013 - 04:38 | 4168777 cynicalskeptic
cynicalskeptic's picture

Shadowstats.com has government stats calculated the way they were originally - before all the 1980's games playing started.  

REAL unemployment is worse than 1932 levels - approaching 25% - while 1932 peaked at 23+%.

REAL inflation is 2 1/2 time shigher than the 'official' number and CPI well below what's claimed.

Bush presided over a collapsing economy - a bubble losing air despite all the efforts made to keep it inflated.  Obama inherited a mess but instead of being honest and telling the American public just how fucked we were, he simply kept playing the same old games, propping up the same banks and Wall Street while trying to pacify the masses with food stamps.   Keep the bread and circuses going...... that's been the plan throughout history - until it no longer works.

Politicians learned their lesson with Carter - it's far easier to simlply LIE and say 'all is well' even when shit is hitting the fan and with the bought and paid for media we have now, nobody is going to call them on the BS.   Democrats do it, Republicans do it.  Our governing system is broken and instead of admitting that, our 'leaders' will lie - and continue to do so - until the whole mess collapses.

Tue, 11/19/2013 - 07:22 | 4168875 Bangin7GramRocks
Bangin7GramRocks's picture

I agree that they are lying fucking scumbags and that all of this data is manipulated. But I always get a chuckle when people regurgitate the 1932 statistics as if those statistics were reliable. Those numbers may have been honestly tabulated, but there is no reason to believe that they were even remotely accurate.

Tue, 11/19/2013 - 00:02 | 4168404 bunzbunzbunz
bunzbunzbunz's picture

HAAAAAAAAAAAAA. Go take a statistics class please.

Tue, 11/19/2013 - 01:09 | 4168554 Trampy
Trampy's picture

The whole idea that 60,000 house holds is a big enough statistical sample to be able to know what 300,000,000 people are doing is absurd.

Not necessarily, because they're not doing a straight extrapolation, but rather are coming up with numbers to throw into a complex computer model.  Without realizing it you've hinted at a truth not discussed much.

With such a small sample size, <<0.1%, the "unemployment rate" from a straight extrapolation would be jumping all over the place from month to month, like maybe from 2% up to 20% one-sigma standard deviation.  The fact that it moves so little month to month, "stickiness" at 7.8%, shows that there is a hell of a lot of "smoothing" going on and that 7.8% is the number they want to report.  There's nothing wrong with doing data smoothing, but if people mistakenly confuse simulation with reality, well, that's just normal human stupidity.

They don't calculate the unemployment rate as #UNEMPLOYED/#WORKERS.  They take the survey results and put them into a computer model that "massages" the data for seasonal adjustment, etc.  But it's just GIGO and probably has been this way for as long as they've been doing it.

The only absurdity is that anyone at all is stupid enough to think the first-Friday "NFP print" has any more relevance to our economy than the price of tea in China.  The fact that so many think it's important is the real absurdity.

I think the best quote from the Obama regime is Hillary's "What difference does it make?!?"  That's a keeper, fer shure. 

Tue, 11/19/2013 - 02:52 | 4168692 Deo vindice
Deo vindice's picture

Quote: The only absurdity is that anyone at all is stupid enough to think the first-Friday "NFP print" has any more relevance to our economy than the price of tea in China.  The fact that so many think it's important is the real absurdity.

I think the price of tea in China probably has more relevance to our economy that the "NFP print".

Tue, 11/19/2013 - 07:28 | 4168878 Bangin7GramRocks
Bangin7GramRocks's picture

Right! But the retards on Wall Street move hundreds of billions in securities with the release of each report. One tenth of one percent on a statistically flawed report can move markets. Goods thing the 1% is smarter than us rabble.

Tue, 11/19/2013 - 08:05 | 4168917 g speed
g speed's picture

churn churn churn

Tue, 11/19/2013 - 01:41 | 4168612 caustixoid
caustixoid's picture

"It's gonna get worse before it gets better." 

It's going to get better?

Tue, 11/19/2013 - 08:53 | 4169000 Lets_Eat_Ben
Lets_Eat_Ben's picture

I am shocked and appalled...I mean I can barely muster the energy to give a shit.

Tue, 11/19/2013 - 09:12 | 4169038 Anonymous peon
Anonymous peon's picture

It's gonna get worse, anyway. These cycles can take centuries.

Mon, 11/18/2013 - 23:45 | 4168347 Buckaroo Banzai
Buckaroo Banzai's picture

RAYCESSSSS!!!

Mon, 11/18/2013 - 23:38 | 4168318 Richard Chesler
Richard Chesler's picture

His whole life is a fake. What difference does it make?

 

Tue, 11/19/2013 - 00:02 | 4168407 wee-weed up
wee-weed up's picture

His minions are always trying to polish the Turd!

Tue, 11/19/2013 - 00:30 | 4168487 Eireann go Brach
Eireann go Brach's picture

Otherwise known as NiggaNomics!

Tue, 11/19/2013 - 03:24 | 4168731 yofish
yofish's picture

Don't drink and post. That you get ups is disgusting. What a pig pen this place is.

Tue, 11/19/2013 - 03:56 | 4168752 TheGermanGuy
TheGermanGuy's picture

Don´t drink and post? The comment section would be almost empty. It´s difficult enough to bear the new normal drunk, it´s almost impossible to bear it sober.

Tue, 11/19/2013 - 01:36 | 4168604 geologyguy
geologyguy's picture

Obama is sorry that you feel this way about the Chicagoian Corruption.  You should probably change your attitude because you sure as shit ain't gonna change the way things are around you.

Tue, 11/19/2013 - 06:14 | 4168835 Offthebeach
Offthebeach's picture

Replace Barry with who?
We got military officers and enlisted who have more medals then ten Soviet Generals. ( Washington, US Grant, zero )
Banks that rig rates, shlep junk.
Academics?
Rent seeking buisnessmen who wouldn't know Groucho from Karl.
Ameraka deserves what it gets, good and hard.

Tue, 11/19/2013 - 08:08 | 4168921 g speed
g speed's picture

with nothing---a zero is a zero. 

Tue, 11/19/2013 - 07:38 | 4168890 Nothing but the...
Nothing but the truth.'s picture

If this is proven to be a lie , then surely it is no different to the Watergate lies that got Nixon to resign. This was a lie intended to decieve the public and assist Obama in getting re-elected to office. This deception can surely not go unpunished and Obama should do what any other self respecting president would do and resign. Or have the American people become that apathetic to the continual lies that White House is feeding them ?

Tue, 11/19/2013 - 10:33 | 4169344 fooshorter
fooshorter's picture

If you like your conspiracy theories, you can keep your conspiracy theories!

Mon, 11/18/2013 - 23:34 | 4168301 Tim Knight from...
Tim Knight from Slope of Hope's picture

Yet another reason ZH should win the Pulitzer (but never will). The truth isn't a very winning formula, it seems.

Tue, 11/19/2013 - 00:05 | 4168419 wee-weed up
wee-weed up's picture

The Pulitzer is controlled by Libs.

Tue, 11/19/2013 - 03:57 | 4168754 TheGermanGuy
TheGermanGuy's picture

In a world, where Obama gets the Nobel peace prize, ZH doesn´t get the Pulitzer

Tue, 11/19/2013 - 00:37 | 4168494 aVileRat
aVileRat's picture

Agreed, but the day ZH is nominated the Tylers will need to either accept their award (thus dropping the veil) or publish their source with the Press Box & AP wires, which means they are now on the grid. Anyone who was around for the early days of the Open Foundation in the USSR knows, walking out of the shadows is the kiss of death for both your publication but also your personal savings & safety. Many a editor were caught by a "People's" award.

Best ZH keep reporting, like the underground free press. Think of it like Walter Bagheot's review of the go-go British Empire, discredited in his own time, but eventually the collected work became a foundation for economic historical review.

I will bet a gilder that an Iteration of ZH will outlast HuffPo and NYT's current version.

 

Now don't let that go to your head TD.

 

 

Tue, 11/19/2013 - 03:11 | 4168716 yofish
yofish's picture

Do you do blow jobs for a living? 

Tue, 11/19/2013 - 09:25 | 4168908 GetZeeGold
GetZeeGold's picture

 

 

He's pretty good at blowing away progressives.....but I don't think he charges anything for it.

Tue, 11/19/2013 - 03:27 | 4168732 yofish
yofish's picture

Another blow job toady. Most here wouldn't know the truth if they slept beside her.

Tue, 11/19/2013 - 08:03 | 4168911 GetZeeGold
GetZeeGold's picture

 

 

That's killer stuff......you should take that to HuffPo!

Tue, 11/19/2013 - 07:49 | 4168897 El Hosel
El Hosel's picture

 "The Truth",  very funny. Dimon tell the truth? Bernanke tell the Truth? Clinton's tell the Truth? Geithner tell the truth?Greenspan? Mozilo?Summers?

Get rid of the "Two Party" system, make way for the new "T" Party. In the new "Truth Party" you get fired for lying. No questions asked, lie and you are out. No lying, no cheating, no cooking the books..... No Way.

Mon, 11/18/2013 - 23:36 | 4168303 fonzannoon
fonzannoon's picture

What difference does it make!!!

Mon, 11/18/2013 - 23:43 | 4168337 pragmatic hobo
pragmatic hobo's picture

don't forget to bang the table exactly 3 times ...

Tue, 11/19/2013 - 06:42 | 4168851 RSloane
RSloane's picture

Exactly. Those that voted for Obama not once, but twice, will now dutifully vote for Hillary. She will be sold as the new savior of Obamacare, and what could be better to heal the country than a nice granny in the White House. If she completely and utterly fucks up, it will be blamed on something or someone else. After all, its her turn.

Mon, 11/18/2013 - 23:37 | 4168308 asteroids
asteroids's picture

Just release the raw data and methodology. Verification then is easy. Oh yeah, because of this cheating the credibility of the BLS and the White House is shot. Now, you'll never know when you are getting the truth so you might as well assume everything you hear is a lie.

Tue, 11/19/2013 - 00:07 | 4168429 DeadFred
DeadFred's picture

We all did that sooo long ago.

Tue, 11/19/2013 - 00:23 | 4168472 nope-1004
nope-1004's picture

Exactly, it all IS a lie.  El Presidente even had to change his name - he's living proof of a lie!  If he lies about his identity, lies about his birth certificate, and lies about his anti-white stance and hatred for white ppl, then lyin' about employment numbers is nothing - it's like stealing a penny - so simple.

 

Tue, 11/19/2013 - 02:14 | 4168657 indygo55
indygo55's picture

reminds me of an old joke of how copper wire was first produced: two jews fighting over a penny,,,,,

Tue, 11/19/2013 - 03:53 | 4168748 Hobbleknee
Hobbleknee's picture

I remember saying the same thing when Clinton got busted with Monica. If he would lie to his own wife, of course he would lie to millions of anonymous people.  It's seems trivial by today's standards, but it's still true.

Tue, 11/19/2013 - 08:56 | 4169007 sunnyside
sunnyside's picture

I doubt he lied about to Hillary.  Neither he nor she gave two shits about who was slobbing his knob as long as it didn't mess with the hold on power.

Mon, 11/18/2013 - 23:37 | 4168309 PubliusTacitus
PubliusTacitus's picture

Heads on pikes time.

Mon, 11/18/2013 - 23:37 | 4168310 bubblemania
bubblemania's picture

It appeared in the New York Post first. Bu ZH deserves a Pulitzer anyway.

Tue, 11/19/2013 - 00:09 | 4168434 Ms. Erable
Ms. Erable's picture

And they report it as if it wasn't prima facie to anyone paying attention for more than two seconds.

Tue, 11/19/2013 - 00:22 | 4168470 IndyPat
IndyPat's picture

Tyler's been beating this drum much longer than The Post.

Tue, 11/19/2013 - 00:43 | 4168511 Jacque Itch
Jacque Itch's picture

It's all good.  More eyes, more awareness.  Post and Repost.  I see Drudge has it red-linked.  It'a all part of the takedown. 

Tue, 11/19/2013 - 08:18 | 4168930 g speed
g speed's picture

a +1 to you----the new expendables  -- obamma and bernanke   --its TPTB storm survival plan --throw unneeded stuff of the floundering ship.

Tue, 11/19/2013 - 08:56 | 4169006 Lets_Eat_Ben
Lets_Eat_Ben's picture

YEP!

Mon, 11/18/2013 - 23:38 | 4168312 A Lunatic
A Lunatic's picture

It is what it is unless, of course, it isn't.......

Mon, 11/18/2013 - 23:38 | 4168314 FieldingMellish
FieldingMellish's picture

And once again, conspiracy theory becomes conspiracy fact.

Tue, 11/19/2013 - 01:27 | 4168585 OneTinSoldier66
OneTinSoldier66's picture

Central Bankers around the world are going to start printing up money out of thin air

Libor

PM's aren't manipulated(still a theory to some apparently)

Cyprus is going to bail-in banks

Cyprus is not a template for going forward

"We" need to abandon free market principles in order to save the free market

It can't happen here

 

Mon, 11/18/2013 - 23:38 | 4168315 CashCowEquity
CashCowEquity's picture

Well if Obama supporters were sucking each others peens and paying for it, technically its a job. Reach arounds were "bonuses"

Mon, 11/18/2013 - 23:38 | 4168317 foodstampbarry
foodstampbarry's picture

Just like the president, a fraud.

Mon, 11/18/2013 - 23:38 | 4168319 jpc578
jpc578's picture

My guess is that this is just the tip of the iceberg.

Tue, 11/19/2013 - 00:11 | 4168446 NoDebt
NoDebt's picture

In that it is STILL happening?  Yeah.

Tue, 11/19/2013 - 01:18 | 4168578 Ms. Erable
Ms. Erable's picture

They keep telling us 'just the tip', too.

Mon, 11/18/2013 - 23:39 | 4168320 IndyPat
IndyPat's picture

Birth cert was totally up and up though...

Tue, 11/19/2013 - 09:14 | 4168915 GetZeeGold
GetZeeGold's picture

 

 

If your real daddy was Frank Marshsall Davis....would you really want anyone to know about it?

 

The good news is he's an Amercan....the bad news is his best friend, mentor, and father was a card carrying commie.

Tue, 11/19/2013 - 10:33 | 4169340 Bastiat
Bastiat's picture

... and  pornographer.

Mon, 11/18/2013 - 23:40 | 4168324 TheBoyPlunger
TheBoyPlunger's picture

The unemployment rate was actually higher in 2012?

 

Clearly this means we need moar QE !

Mon, 11/18/2013 - 23:41 | 4168327 uncle_vito
uncle_vito's picture

Amazing no one goes to jail.   Nobody cares.

Tue, 11/19/2013 - 01:25 | 4168586 Ms. Erable
Ms. Erable's picture

It's only fraud if you or I do it. If they do it... well, it's a big club, and we ain't in it (h/t to Mr. Carlin).

Mon, 11/18/2013 - 23:41 | 4168328 gonetogalt
gonetogalt's picture

Just keep your passport valid, at this rate you'll probably need it.

Mon, 11/18/2013 - 23:44 | 4168344 IndyPat
IndyPat's picture

And who the fuck would have us?

Hell. I wouldn't.

Mon, 11/18/2013 - 23:42 | 4168329 blindman
blindman's picture

what has not been fake since going back to
1913 at least?
hmmmm.....

Mon, 11/18/2013 - 23:43 | 4168334 VD
VD's picture

if anyone thought for millisecond BLS numbers were anywhere near reflective of reality...never mind...

Mon, 11/18/2013 - 23:43 | 4168338 IndyPat
IndyPat's picture

Next they'll have us believe that OBL wasn't killed by Seal Team 6 and that the IRS plays favorites.
Sheesh. Bunch of birther, truther, teabaggin' terrorists.

Mon, 11/18/2013 - 23:43 | 4168340 williambanzai7
williambanzai7's picture

DR DIDN'T NO

Mon, 11/18/2013 - 23:44 | 4168343 666
666's picture

Is anybody really surprised by this? We all know the USSA has the most corrupt gubmint the world has ever known. As long as the sheeple keep their hands out to receive their dole payment, there will never be a revolution to stop this insanity.

Mon, 11/18/2013 - 23:47 | 4168352 IndyPat
IndyPat's picture

Agree but real tough to up arrow that handle, chief

667 already taken?

Mon, 11/18/2013 - 23:54 | 4168380 Dr. Engali
Dr. Engali's picture

Zero's administration was ushered in with the S&P bottoming at 666. Coincidence.... I think not.

Tue, 11/19/2013 - 00:09 | 4168433 IndyPat
IndyPat's picture

Ha! Like the S&P was ever that low

/s

Tue, 11/19/2013 - 00:06 | 4168422 bunzbunzbunz
bunzbunzbunz's picture

Yeah...so Somalia, U.S.S.R (as you probably don't even know you're referring to), Laos, Kazakhstan...those are less corrupt? Yeah. I'm guessing you're 14 years old.

Tue, 11/19/2013 - 00:11 | 4168444 IndyPat
IndyPat's picture

Don't sell Chalky short. He ain't out yet.

Tue, 11/19/2013 - 03:33 | 4168740 PhilofOz
PhilofOz's picture

U.S.S.R? (1922-1991)... you may as well put in the Confederate States of America, duh! It's a slam dunk that there is not a country that ever existed or still does exist that can even get close to the massive amounts of corrupt money reaching a tiny segment of the population. Pfffftttt!!! You might not be 14 but f*£k! You ain't so smart as you think.

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